China Taiping Insurance Holdings

China Taiping Insurance Holdings Company Limited (CTIH) formerly China Insurance International Holdings Company Limited (CIIH), is a Chinese insurance conglomerate. The company has strong Chinese Central Government background despite being incorporated in Hong Kong. It is considered as a red chip company. Businesses The group's major businesses are reinsurance, life insurance, property and casualty insurance, asset management, reinsurance brokerage, pension management, real estate manager, etc. As of 2018 financial year, most of the profit of the listed company came from life insurance (HK$6.2 billion, compare to 8.8 billion profit from all operations; both figures including minority interest that attributable other owner of the subsidiaries). More than 93% income was derived from Mainland China. According to S&P Global Ratings, citing China Insurance Regulatory Commission, market share (by direct premium) of China Taiping's subsidiary Taiping General Insurance Co. Ltd. in property and casualty insurance in the first half of year 2017 was 2.0% and ranked the eighth. While in life insurance, the market shares (by policy written) of China Taiping's subsidiary Taiping Life Insurance was 3.8% and ranked ninth.